Colombia has become an investment “oasis” in an economically unstable world, the country’s energy and mining minister told Reuters last week.
Minister Mauricio Cardenas told the news agency that “
Given this, the government expects that FDI will reach $15 billion by the close of this year,” Trade Minister Sergio Diaz-Granados said.
FDI in Colombia was $2 billion in 2002, at the beginning of a U.S.-backed offensive against leftist guerrillas which decimated rebel groups like the FARC and ELN — both frequently attacking oil infrastructure and kidnapping oil workers.
Attacks carried out by the FARC last year caused Colombia to fail its goal of reaching its target of 1 million barrels of crude oil per day.
According to the energy and mining minister, this target will be met within two months.